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Ethereum Technical Analysis: ETH/USD penetrating vital near-term support

  • Ethereum price on Tuesday holding very minor gains of 0.25%, as general caution continues.  
  • ETH/USD bears testing vital near-term support around $115 area, lower part of range-block.  

ETH/USD 15-minute chart

  • ETH/USD price via the near-term view is trading within the block formation, the next committed trend is determined on the break out from the respective barriers.

 

Spot rate:                  116.96

Relative change:       +0.25%

High:                          118.26

Low:                           111.73

 

Trend:                        Neutral

 

Support 1:                 114.17, daily pivot point support.

Support 2:                 111.65, daily pivot point support.

Support 3:                 108.98, daily pivot point support.

Resistance 1:            119.37, daily pivot point resistance.

Resistance  2:            122.04, daily pivot point resistance.

Resistance  3:            124.57, daily pivot point resistance.

 

ETH/USD 60-minute chart

  • Several lower wicks testing a near-term area of demand, $115-112 range.  

 

ETH/USD daily chart

  •  Bears are testing key daily support eyed around the $115 price area.

 

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